India Markets Friday Wrap-Up: Persistent Selling Hits Indices

Equitymaster submits:

Indian indices languished in the red for a larger part of the trading session today. Although, there were some attempts made in the afternoon session to push above the dotted line, these proved futile and the markets closed well into the red in the final trading hour.

While the BSE Sensex closed lower by around 182 points (down 1%), the NSE Nifty lost around 48 points (down 1%). Selling was more pronounced in midcap and smallcap stocks as the BSE Midcap and the BSE Smallcap racked losses of 4% and 3% respectively. Losses were largely seen in consumer durables, metals, auto and FMCG stocks.

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